By Maxwell Adler | Bloomberg
The University of California system brought in more than $4 billion in private donations for the first time during the last fiscal year, Nathan Brostrom, its chief financial officer, said at a conference on Wednesday.
Philanthropic donations to the university totaled $4.3 billion last year, and gifts to health sciences and medicine represented more than 50% of the money given, Brostrom said during a question and answer session at the Bond Buyer’s California Public Finance Conference.
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“We’ve seen a very, very strong year in fundraising across all 10 of the campuses,” he said, noting that the figures will be reported at the school’s next Board of Regents meeting.